It has become apparent that the management organization in place at Earth has failed. In most applicable metrics the management has thus far has not delivered reasonable shareholder value given the capital invested and current levels of recurrent debt, and, has also failed to develop an acceptable future plan.
This has resulted from implementing, and strongly promoting, a policy where an unsustainable yield has been extracted from the planet while transferring most of the resultant gains from this activity for use by the management team. This has been at the expense of prudent re-investment and/or shareholder dividends. The management team have colluded to inflate salaries and provide exceptional fringe benefits for them selves. This has substantially reduced dividends for the average shareholder and will cause further eroding of shareholder value as we move forward.
The potential for future growth and long term share holder value has been severely, if not irrevocably, damaged by this failed policy of spiralling management overhead. Indeed the current level of borrowings used to service this policy may have already reached the point where net income is actually negative.
This is difficult to ascertain given the management teams reluctance to produce accurate statements of current accounts claiming that the company structure is too complex for ordinary accounting methods. In addition they have been actively preventing correct disclosure of known information and in many cases presenting false and misleading data in this regard. This is despite numerous calls from shareholders to develop open and accountable methods of disclosure.
Indeed many notable whistle blowers and rouge elements within the management team have already disclosed an alarming list of instances where the management should have, but have failed, to take action (except in the most tokenistic ways).
The management team is also clearly fragmented to the point where no consensus on future direction is possible, excepting offcourse, agreement that the current approach should be continued. Earth has been run for too long as a collection of unrelated enterprises, each supporting its own unwieldy and feudalistic management. In many well documented cases this has resulted in certain divisions actively undermining the operation of other divisions. This is clearly inefficient and has caused much of the problem with Earth as we find it now.
The failure of higher authorities to take action over this gross misconduct, despite numerous and repeated requests, makes it clear that action must be undertaken by the ordinary shareholder.
In regard to the lack of action on behalf of the higher authorities it is apparent that they;
a). they have insufficient resources to deal with the issues, or,
b). are actively involved in the management corruption, or,
c). their existence was fabricated by earlier management to assure shareholders that they were following the stated regulations while secretly lining their pockets.
Certainly it can be easily demonstrated that the regulators nominated representative on the planet have been actively involved in arranging and promoting the current failed management approach leading to speculation that c. is the correct assumption.
It is certain that the ordinary shareholder has been abandoned by both the regulator (if it actually exists as an independent entity) and management and, as such, it is up to us to formulate a rescue plan for Earth. There simply are no other reasonably expedient alternatives. This will not be simple or straight forward. Previous similar attempts at the division level have proved to be nearly as disastrous as the present system in delivering long term shareholder value. Cashing out your shares at this time will leave you with literally nothing.
It is proposed that the shareholders call an extraordinary meeting and demand the resignation, and forfeiture of accumulated benefits, of the current management team.
The size and complexity of the task requires input and effort by every ordinary share holder. In addition it is anticipated that the present management will put up considerable resistance to this move. It is understood they have more than enough resources to buy support from key shareholder blocks (at the expense of the remaining majority).
The following presents a rough agenda/key talking points for the proposed meeting
Item 1.
Acknowledge that the higher authorities are not going to help.
Item 2.
Agree actions for the removal of the current management structure
Item 3.
Identify past and/or existing management that have demonstrated loyalty to the ordinary share holder and recruit new, visionary, leaders from outside the existing management structure.
Item 4.
Elect the new management team
Item 5
Agree a future management strategy for the planets resources
Item 6
Agree the audit methodology for the new management system to ensure the existing condition does not re-occur.
I wish you all the best of luck.
Regards
Suburban Surrender